THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
From Our Readers
After reading your headline "County Board Calls For Plan To Cut Borrowing" I thought that the Marinette County Board might have seen the light. However as I read the article I felt that the majority of county board members still don't understand how the real financial world works. Even when interest rates are low a person, business or government cannot borrow money and not have to pay it back. The more money borrowed the more money you have to pay back even when the interest rates are low.
The county has a savings account. Most counties don't have a savings account. This money was from the sale of the nursing homes and hospital. Why this money that makes very little interest isn't used to reduce county borrowing is a mystery to me. I know that once it is used there is no more but having a large amount of savings and borrowing money makes no sense.
One of the kings of deferred maintenance is the former County Board chairman who wants to hold off on doing anything to the UW-Marinette (River Cities) pool until after a tour of the county buildings. Really? Several months to plan a tour of buildings? Oh yeah, why hurry as this problem and others have been there much longer than the old county jail building problem has!
The solutions for the county board are: Stop borrowing money, start making cuts, use the taxpayer savings account money they have wisely to fix the pool, fix the senior center, tear down the old jail and fix the worst roads. Then live on the tax income that you have. Other counties do it all over the state. Making cuts to reoccurring costs like employee's salaries, tax payers contributions towards their benefits and retirement are necessary. Doing a better job of building roads means they will last longer saving money.
Taxpayers you need to call all the county board members and enlighten them to your feelings as they don't respond to letters to the editor, emails or much of anything it seems.